Rice Hall James & Associates LLC Buys Shares of 70,799 PlayAGS Inc (NYSE:AGS)

Rice Hall James & Associates LLC bought a new stake in PlayAGS Inc (NYSE:AGS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 70,799 shares of the company’s stock, valued at approximately $1,377,000.

A number of other large investors have also bought and sold shares of AGS. Dupont Capital Management Corp bought a new position in PlayAGS during the 2nd quarter worth $326,000. Quantitative Systematic Strategies LLC raised its position in PlayAGS by 71.3% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 17,284 shares of the company’s stock worth $336,000 after purchasing an additional 7,195 shares during the last quarter. SG Capital Management LLC bought a new position in PlayAGS during the 2nd quarter worth $3,974,000. LGT Capital Partners LTD. raised its position in PlayAGS by 64.8% during the 2nd quarter. LGT Capital Partners LTD. now owns 103,000 shares of the company’s stock worth $2,003,000 after purchasing an additional 40,490 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its position in PlayAGS by 355.1% during the 1st quarter. Marshall Wace North America L.P. now owns 73,730 shares of the company’s stock worth $1,765,000 after purchasing an additional 57,530 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Adam Chibib bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $8.90 per share, with a total value of $44,500.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Victor Gallo bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $8.90 per share, with a total value of $89,000.00. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.



Several research analysts have recently weighed in on AGS shares. Roth Capital lowered their price objective on PlayAGS from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Credit Suisse Group lowered their price objective on PlayAGS from $35.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Zacks Investment Research lowered PlayAGS from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 8th. Deutsche Bank lowered PlayAGS from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $31.00 to $18.00 in a research report on Thursday, August 8th. Finally, Bank of America lowered PlayAGS from a “buy” rating to an “underperform” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.75.

Shares of AGS stock traded up $0.26 during mid-day trading on Friday, hitting $10.41. The company’s stock had a trading volume of 8,669 shares, compared to its average volume of 960,431. The company’s fifty day simple moving average is $18.00 and its 200-day simple moving average is $21.64. PlayAGS Inc has a 52 week low of $6.05 and a 52 week high of $32.80. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.47 and a current ratio of 2.04. The company has a market cap of $390.22 million, a PE ratio of -67.67, a P/E/G ratio of 16.38 and a beta of 0.86.

PlayAGS (NYSE:AGS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.23). PlayAGS had a negative return on equity of 0.72% and a negative net margin of 4.62%. The business had revenue of $74.51 million during the quarter, compared to the consensus estimate of $83.00 million. During the same period last year, the business posted ($0.15) earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that PlayAGS Inc will post 0.06 earnings per share for the current year.

PlayAGS Company Profile

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

See Also: What are convertible shares? 

Want to see what other hedge funds are holding AGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PlayAGS Inc (NYSE:AGS).

Institutional Ownership by Quarter for PlayAGS (NYSE:AGS)

Receive News & Ratings for PlayAGS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PlayAGS and related companies with MarketBeat.com's FREE daily email newsletter.